Company Background

For more than a decade CU-Detect's products and services have successfully saved clients hundreds of millions and provided managers with proven, cost-effective risk compliance processes.

CU-Detect is a division of FRAUDetect, LLC, a privately held, small, veteran-owned business that began operation in 1996 as an outgrowth of a successful research and development company named LICA Systems, Inc. CU-Detect focuses exclusively on services to the credit union industry. As a small business, we are agile, innovative, responsive and dedicated to our mission: which is to serve our clients with the best possible technology and customer support available for defeating fraud and abuse (including Bank Secrecy Act and FACT Sect 114 ID Theft Red Flag compliance)

Our background includes over thirty years experience developing and operating sophisticated analysis systems for the U.S. national and defense intelligence communities.

With LICA Systems, Inc. there existed an extensive background of research and development in the fields of automated analysis, computer/human interfaces, artificial intelligence, cognitive psychology, detection methods, and advanced cooperative communications. The experience brought to CU-Detect was drawn from R&D and systems engineering contracts with government agencies such as the Defense Advanced Projects Agency, the U.S. Air Force's Rome Air Development Center, Wright-Patterson Avionics Laboratories, the U.S. Army's Concepts Analysis Agency, Harry Diamond Research Laboratory, and the Human Engineering Laboratory at Aberdeen Proving Grounds.

Included within this experience is a large base of knowledge concerning methods of deception and counter-deception (processes that are largely analogous to many of the techniques used to conduct FINANCIAL FRAUD - including MONEY LAUNDERING and TERRORISM FINANCING).

Today, CU-Detect's development and technical support staff provides expertise in advanced automated analysis methods and includes experience drawn from banks, credit unions, U.S. Navy and U.S. Air Force Intelligence, CIA, IRS, NASA, and The U.S. Secret Service.

After more than a decade of building and maintaining all of our software in house, in support of a diverse range of financial institutions, CU-Detect possesses the most comprehensive base of knowledge and experience in the fraud prevention and BSA/AML compliance business. Our developers and support technicians spend every day working with clients to continually enhance and improve, not only our products, but processes at the front lines of preventing financial fraud, money laundering and terrorism financing.

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